Superior groundnut and soya DOC shot up by Rs 200 at Rs 8400 and Rs 8700 per tonne, respectively due to fall in output. Similarly, mustard DOC recorded a sharp rise of Rs 300 at Rs 5200 per tonne and mustard expeller cakes edged up by Rs 10 at Rs 575-620 a quintal.

Mumbai: Groundnut oil maintained at the lower level on the oil,oilseeds market here today. Castorseed and its oil however remained weak in absence of overseas interest. Steady pressure of inflow in the producing centers also prompted unloading by bulls and stockists, according to dealers here.

Groundnut oil ruled steady at Rs 350 per 10 kg. Fresh inflow remained poor during the day while demand was also dull, dealers said. In Rajkot prices closed steady at Rs 620/625 per 15 kg.

Imported palm oil edged down by Rs 2 to Rs 212 per 10 kg on weak global advices. In the overseas market palm oil slipped by $2.50 at $342.40 per tonne for the nearby delivery and $345 per tonne for the forward delivery, it was learnt.

Castor oil fell by Rs 3 at Rs 402/414 per 10 kg. Castorseed ready was also down by Rs 15 at Rs 1,860 per quintal in sympathy.

In the futures section castorseed June delivery reacted from Rs 1,911 to Rs 1,882 per quintal. But in the international castor oil futures market June delivery closed steady at Rs 419 per 10 kg.

In Ahmedabad and Rajkot castorseed June delivery ruled easy at Rs 1,809 and Rs 1,813 per quintal respectively. Traders reported castorseed arrivals of 45000/50000 bags in the Gujarat region today.

Zeera declines
Cardamom small further slipped from Rs 585-940 to Rs 565-925 a kg due to weak upcountry demand. Turmeric and zeera prices fell sharply by Rs 50-200 a quintal due to sluggish demand because of severe drought conditions in some of the states.

Dry mango Khapta further flared up by Rs 200 at Rs 2200-2800 a quintal due to dismal mango crop prospects. New dry mango in Nizamabad was priced at Rs 4000-7000 a quintal.

Among dry fruits, almond California and its kernel suffered losses for want of support while almond gurbandi flared up from Rs 3700 to Rs 4000 per 40 kg due to paucity of stock. Coconut powder fell from Rs 1375 to Rs 1300 per 25 kg due to adequate inventories.

Bullion gains
Both the precious metals, gold and silver at the Delhi bullion market recorded gains on Wednesday.

Following sale of 120 tonnes gold at the Swiss Bank by the end of current month, gold in London having dipped from $274.50 to $271.85, improved to $278 an ounce on Wednesday coupled with holding of inventories by the importers, gold biscuit and standard mint gold recorded a gain of Rs 45 at Rs 4360 and Rs 4370 per 10 gram, respectively. Gold sovereign also followed suit and was up by Rs 50 at Rs 3800-3825 per 8 gram.

New York silver future improved from 501 cents to 503 cents an ounce coupled with fall in imported inflow to 5000 kg on Tuesday from 15,000 kg, consequently, spot silver .999 fineness improved from Rs 7685 to Rs 7700 a kg and silver weekly delivery, on bear covering firmed up by Rs 15 at Rs 7730 a kg. However, silver coins prices remained subdued at Rs 10,700-10,900 per 100 pieces on scattered arrivals from Haryana and Rajasthan.

Mumbai: Gold recovered from the lower level while silver was mixed on the bullion market here today.

Standard gold looked up by Rs 15 at Rs 4,365 per 10 gm. Gold .22 carat was up by same margin at Rs 4,040 per 10 gm. Prices of gold biscuit (116.50 gm.) shot up by Rs 300 at Rs 51,200 per piece. Fresh physical buying lifted gold prices upward while tight supplies and firm global advices kept offerings restricted. Traders reported renewed buying interest at lower level following switchover of speculative buying from the bearish stock market to the bullion market. In the global market gold lifted from $275.55 to $276.30 per ounce.

Meanwhile silver .999 remained unchangted at Rs 7,915 per kg. Silver .916 was placed at Rs 7,795 per kg amidst restricted supplies of raw silver from local sources. About 125/150 kg of silver changed hands in the local market, it was learnt. In the international market the white metal slid from $5.02 to $5 per ounce.

Urad flares up
A mixed trend prevailed at the Delhi grains and pulses market on Wednesday.Urad Rangoon further flared up by Rs 25 at Rs 2450 a quintal as stockists were not in a mood to unload quality goods while masoor and arhar fell by Rs 10-50 a quintal due to weak demand.